LMIR Trust's Q4 distribution per unit declines 24.3% on weaker Indonesian rupiah
Lippo Malls Indonesia Retail Trust (LMIR)'s fourth-quarter distributable income declined 14.6 per cent to $13.8 million, on the back of a weaker Indonesian rupiah.
Distribution per unit for the quarter plunged 24.3 per cent to 0.56 cent.
Net property income for the three months ended Dec 31 was down 5.5 per cent over the same period last year to $31.1 million.
For the full year, LMIR's distributable income grew 13.9 per cent to $73 million, which translates into a distribution per unit of 3.25 cents.